Data Regarding the Activities for a Project Are Presented Below

question 56

Essay

Data regarding the activities for a project are presented below. The times are in weeks. The critical path for this project is A-D-H-I-J-K. $\begin{array}{|c|c|c|c|}\hline\text { Activity } & \text { Optimistic Time } & \text { Most Likely Time } & \text { Pessimistic Time } \\\hline \text { A } & 7 & 9 & 14 \\\hline \text { B } & 2 & 2 & 8 \\\hline \text { C } & 8 & 12 & 16 \\\hline \text { D } & 3 & 5 & 10 \\\hline \text { E } & 4 & 6 & 8 \\\hline \mathrm{F} & 6 & 8 & 10 \\\hline \mathrm{G} & 2 & 3 & 4 \\\hline \mathrm{H} & 2 & 2 & 8 \\\hline \mathrm{I} & 6 & 8 & 16 \\\hline \mathrm{J} & 4 & 6 & 14 \\\hline \mathrm{K} & 2 & 2 & 5 \\\hline\end{array}$
a.Determine the standard deviation of the critical path.
b.Determine the probability of completing the project in 38 weeks or less.
c.What is the probability of completing the project in 32 weeks or less?

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Definitions:

Rental Prices

The amount of money charged by a landlord to a tenant for the use of property, such as an apartment or commercial space.

Factor Market

Markets where factors of production (such as labor, capital, and natural resources) are bought and sold.

Human Capital

The competencies, understanding, and expertise held by a person or group, considered regarding their importance to a company or community.

Higher Salaries

Refers to wages that are above the average for a particular profession or region, often due to high demand, skill level, or experience.